Hyzon Motors (NASDAQ:HYZN) Shares Up 9.6% – What’s Next?

Hyzon Motors Inc. (NASDAQ:HYZN) shares traded up 9.6% during mid-day trading on Monday . The stock traded as high as $1.86 and last traded at $1.83. 232,557 shares traded hands during trading, a decline of 19% from the average session volume of 288,096 shares. The stock had previously closed at $1.67.

Hyzon Motors Stock Performance

The business’s fifty day moving average price is $1.93 and its 200-day moving average price is $8.87. The stock has a market cap of $13.89 million, a PE ratio of -0.05 and a beta of 2.89.

Institutional Trading of Hyzon Motors

Hedge funds have recently bought and sold shares of the company. First Commonwealth Financial Corp PA purchased a new stake in shares of Hyzon Motors in the 3rd quarter worth $26,000. Victory Capital Management Inc. grew its holdings in Hyzon Motors by 48.0% during the third quarter. Victory Capital Management Inc. now owns 25,199 shares of the company’s stock valued at $61,000 after purchasing an additional 8,173 shares during the period. Van ECK Associates Corp increased its position in Hyzon Motors by 12.2% in the second quarter. Van ECK Associates Corp now owns 1,022,830 shares of the company’s stock worth $328,000 after buying an additional 111,431 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Hyzon Motors by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,745,622 shares of the company’s stock worth $2,760,000 after buying an additional 48,833 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Hyzon Motors Company Profile

Hyzon Motors Inc supplies hydrogen fuel cell systems for decarbonization applications in various industries. The company commercializes its proprietary fuel cell technology through assembling and upfitting heavy duty (HD) hydrogen fuel cell electric vehicles (FCEVs). It also focuses primarily on assembling and converting hydrogen-powered FCEVs; and building and fostering a clean hydrogen supply ecosystem with partners and third parties from feedstock through hydrogen production, dispensing, and financing.